Repay (NASDAQ:RPAY) Earns Buy Rating from Canaccord Genuity Group

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a note issued to investors on Friday, Benzinga reports. They presently have a $8.00 price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 98.51% from the company’s previous close.

Several other research firms have also recently issued reports on RPAY. DA Davidson restated a “buy” rating and set a $6.00 target price on shares of Repay in a research report on Wednesday, July 15th. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.25.

Repay Stock Performance

NASDAQ RPAY traded down $0.16 during trading hours on Friday, hitting $4.03. 365,085 shares of the company’s stock traded hands, compared to its average volume of 966,612. Repay has a 52 week low of $2.30 and a 52 week high of $5.25. The business’s fifty day moving average price is $3.80 and its two-hundred day moving average price is $3.67. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $383.45 million, a P/E ratio of -1.98 and a beta of 1.89.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.87 million. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. Equities research analysts predict that Repay will post 0.88 EPS for the current year.

Insider Buying and Selling at Repay

In related news, General Counsel Tyler Dempsey sold 8,392 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $4.00, for a total value of $33,568.00. Following the completion of the sale, the general counsel directly owned 446,747 shares of the company’s stock, valued at $1,786,988. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 50,000 shares of company stock worth $197,781 over the last ninety days. Insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Essential Partners LLC grew its holdings in Repay by 69.8% in the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after purchasing an additional 3,950 shares during the last quarter. Krilogy Financial LLC purchased a new position in Repay during the 1st quarter worth $29,000. Caerus Investment Advisors LLC acquired a new position in Repay during the 1st quarter valued at about $31,000. Chicago Partners Investment Group LLC purchased a new stake in Repay in the first quarter valued at about $36,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Repay in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

About Repay

Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and accounts receivable management solutions. Its platform helps businesses accept, process and reconcile electronic payments through channels such as automated clearing house (ACH) transactions, debit and credit cards, digital wallets, online portals, text messages and interactive voice response systems.

REPAY serves organizations in several specialized industries, including consumer finance, automotive lending, healthcare, education, property management, government and business-to-business payments.